Meta Platforms, Inc. announced that Sheryl Sandberg informed the Company on May 28, 2022 of her decision to resign from her position as Chief Operating Officer of the Company following a transition period and to continue to serve as a member of the Company's Board of Directors. On August 1, 2022, the Board appointed Mr. Olivan as the Company's Chief Operating Officer, effective as of such date. Ms. Sandberg will continue as an employee of the Company through September 30, 2022, and after such date, will continue to serve as a member of the Board.